other
confidence high
sentiment neutral
materiality 0.30
Genesco adopts new Short-Term Incentive Plan for FY2027, replacing EVA Plan
GENESCO INC
- STIP effective FY2027; replaces Fourth Amended and Restated EVA Plan.
- Awards based on financial, operational, and strategic performance metrics set by Compensation Committee.
- Target awards as % of salary or fixed dollar; maximum payout 3x target.
- 75% of bonus tied to business-unit performance, 25% to individual goals; Committee may reduce payouts.
- Clawback and forfeiture provisions included; 120-day employment minimum for eligibility.